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On 18 September 2013, E.ON SE and MIBRAG (Mitteldeutsche Braunkohlengesellschaft mbH) / EP Energy a.s. signed a contract for the sale of the Helmstedt mining district. The new company, Helmstedter Revier GmbH, will largely comprise the Buschhaus power plant and the open-cast mine at Schöningen and will be created by spin-off from E.ON Kraftwerke GmbH. Furthermore, MIBRAG / EP Energy will take over the current responsibilities concerning restoration and recultivation in the Helmstedt mining district.
The contracting parties have agreed not to disclose the purchase price and expect the transaction to be completed by the end of 2013 goetzpartners CORPORATE FINANCE acted as exclusive M&A advisor to MIBRAG (Mitteldeutsche Braunkohlengesellschaft mbH) and its shareholder EP Energy a.s. in this transaction.